Realty Income (NYSE:O) Stock Price Up 0.3%

Realty Income Co. (NYSE:O) shot up 0.3% during trading on Monday . The company traded as high as $55.67 and last traded at $55.40. 1,465,939 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 6,782,193 shares. The stock had previously closed at $55.26.

Analysts Set New Price Targets

O has been the subject of a number of research reports. BMO Capital Markets assumed coverage on Realty Income in a research note on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target for the company. Mizuho cut their price target on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Stifel Nicolaus decreased their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Finally, Royal Bank of Canada boosted their price objective on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Realty Income presently has a consensus rating of “Hold” and an average price target of $60.96.

Realty Income Stock Performance

The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average of $52.94 and a two-hundred day moving average of $53.74. The company has a market capitalization of $47.17 billion, a PE ratio of 50.72, a PEG ratio of 5.73 and a beta of 0.92.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. Research analysts anticipate that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Dividend Announcement

The business also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a $0.257 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is 285.19%.

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the sale, the director now directly owns 6,257 shares of the company’s stock, valued at $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Realty Income

Hedge funds and other institutional investors have recently made changes to their positions in the stock. American National Bank acquired a new position in shares of Realty Income in the 4th quarter worth approximately $25,000. Vima LLC acquired a new position in Realty Income during the fourth quarter worth $25,000. Baystate Wealth Management LLC boosted its position in shares of Realty Income by 62.7% during the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 190 shares during the period. WASHINGTON TRUST Co grew its stake in shares of Realty Income by 65.7% in the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 197 shares in the last quarter. Finally, CVA Family Office LLC purchased a new stake in shares of Realty Income in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

About Realty Income

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.